Updated Oct 29, 2026
SOLDDevelopment Site
Ray Washburne & Jack Matthews Acquire Development Site In Dallas For Revitalization Efforts
804 Commerce Street
Building Size
10,000 SF
Asset Type
Development Site
Closing
Oct 26, 2026
About this deal
AI
The transaction involves a development site located at 804 Commerce Street in Dallas, TX. The asset encompasses 10,000 square feet and the deal was finalized on July 30, 2026.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 804 Commerce Street
- Market: Dallas, TX
- Buyers: Ray Washburne & Jack Matthews
- Broker: Mike Turner - J. Elmer Turner
Ray Washburne and Jack Matthews are the developers who have acquired this site, which was part of the downtown Dallas Greyhound bus station. Their acquisition aims to support ongoing revitalization efforts in downtown Dallas, particularly as significant redevelopment projects, like the $3.8 billion Kay Bailey Hutchison Convention Center overhaul, progress in the vicinity.
On the Map
Development Site
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Players
Commerce Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93